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New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.



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Market Cap is basically a large game of Poker
By dark matter on 9/19/2011 4:43:55 PM , Rating: 4
Because everyone knows a company making iPads and phones is worth more than one producing oil and petro chemicals...

Just goes to show what a game of poker the stock market it is.

Can society function without smartphones and tablets... for real.

Try society without petrol at the pump..

And then seriously think about that market cap again.




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